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Trump Sends Defense Stocks LMT, GD, NOC

Business Insider · 4h

Trump Sends Defense Stocks LMT, GD, NOC into a Spin on Pentagon Spending Remarks

Defense stocks Lockheed Martin (LMT), General Dynamics (GD) and Northrop Gruman (NOC) fell Thursday as President Donald Trump said the U.S. could significantly cut spending on the military. Pentagon spending could be halved at some point in the future, said Trump, who was discussing a potential defense conference with Russia and China.

Barron's on MSN · 16h

Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Halved

President Donald Trump suggested Thursday that U.S. military spending could be cut in half. Shares of defense firms dropped on the news. “We’re going to spend a lot less money,” said Trump at a news conference addressing the potential outcome of talks with Russia and China.

CNBC on MSN · 18h

Defense stocks drop after Trump says defense spending could be halved

Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.

Seeking Alpha on MSN · 16h

Defense stocks slide after Trump’s comments on spending cuts

Shares of defense contractors such as Lockheed Martin (NYSE:LMT) fell on Thursday after President Trump said the country could significantly cut defense spending. Speaking at the White House, the president said the United States could slice defense spending in half at some point in the future.

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Pentagon's Hegseth Sees Growth in Defense Spending Despite Musk Review

U.S. President Donald Trump has said the Pentagon will be an early target of Musk's DOGE, which will review U.S. defense ...

18h

Defense on watch as Trump says to meet with China, Russia on military spending

President Trump said he plans to meet with leaders of China and Russia to discuss denuclearization and reducing military spending. Publicly ...

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